What are financial statements? Financial statements are reports that summarize important financial accounting information about your business. There are three main types of financial statements: the balance sheet, income statement, and cash flow statement. Together, these statements provide you—and outside people like investors—a clear picture of your company’s financial position. Common Types of Financial Statements 1. Balance Sheets A balance sheet is a snapshot of your bus

Why are my customers waiting? Why does it feel like I'm always playing catch-up? These are all symptoms of an operational challenge with your organization and the need to perform an operational analysis of your organization. At the core of every business is a set of steady-state assets that keep the whole operation running. These assets include everything from employees to equipment. These assets take a fixed amount of money from your profits every month, and ensuring these a